Latest Legislation Headlines
All the headlines from our Legislation Topic Page, ordered by recency.
Louisiana’s Robert Wooley: Leaving office, not the industry
Feb 20 2006 // Louisiana Insurance Commissioner Robert Wooley announced he would step down as commissioner Feb. 15, 2006, leaving the office he has held since 2000. Although he is returning to the private sector, Wooley indicated he...
Reduced rates and renewed competition in Calif.
Feb 20 2006 // California workers’ compensation insurance rates are taking a turn for the better. Thanks to reform legislation, employers should have more access to reasonable rates. In fact, rates are roughly equivalent to 1995...
Colorado wants to form consumer insurance board to advise commissioner
Feb 20 2006 // The Colorado House has introduced a bill that would create a Consumer Insurance Board to provide policy guidance to the Commissioner of Insurance, gather and prepare information for hearings regarding proposed insurance...
New Mexico considering commercial lines file and use system
Feb 20 2006 // The National Association of Mutual Insurance Companies (NAMIC) and the insurance industry are working with the New Mexico Public Regulation Commission to finalize and implement proposed rate regulations that would convert...
Unusual circumstances surround dropped sale of Universal Underwriters
Feb 20 2006 // Most failed company mergers remain a secret, except to a handful of insiders.That was not the case with the collapsed attempt by Zurich Financial Services Group to sell its affiliate, Universal Underwriters Insurance...
Louisiana’s Robert Wooley: Leaving office, not the industry
Feb 19 2006 // Louisiana Insurance Commissioner Robert Wooley announced he would step down as commissioner Feb. 15, 2006, leaving the office he has held since 2000. Although he is returning to the private sector, Wooley indicated he...
News Currents
Feb 19 2006 // Colorado defeats legislation to change auto insurance claims practices The Colorado House Business Affairs and Labor Committee has unanimously rejected a bill that would have created the legal assumption that if an insured...
News Currents
Feb 19 2006 // New Mexico considering commercial lines file and use system The National Association of Mutual Insurance Companies (NAMIC) and the insurance industry are working with the New Mexico Public Regulation Commission to finalize...
Legislative Advocacy: A matter of insurance industry survival
Feb 19 2006 // The Jack Abramoff lobbying scandal in Washington, D.C., has prompted many to question the appropriateness of legislative lobbying that has become so much a part of American politics. California leads the nation in money...
Calif. Workers’ Compensation
Feb 19 2006 // Reduced rates and renewed competition in Calif. California workers’ compensation insurance rates are taking a turn for the better. Thanks to reform legislation, employers should have more access to reasonable rates....
News Currents
Feb 19 2006 // Colorado wants to form consumer insurance board to advise commissioner The Colorado House has introduced a bill that would create a Consumer Insurance Board to provide policy guidance to the Commissioner of Insurance,...
SPECIAL REPORT: Commercial Auto
Feb 19 2006 // Unusual circumstances surround dropped sale of Universal Underwriters Most failed company mergers remain a secret, except to a handful of insiders. That was not the case with the collapsed attempt by Zurich Financial...
PCI Urging Colo. Lawmakers to Reject Insurance Data Reporting Bill
Feb 17 2006 // The Property Casualty Insurers Association of America (PCI) testified before the Colorado House Business Affairs and Labor Committee on Friday that legislation (HB 1330), which would impose extensive new data reporting...
Bipartisan Proposal calls for Elected Commissioner in Fla.
Feb 16 2006 // Florida’s insurance regulator should have to answer directly to voters, several lawmakers said in proposing a constitutional change to return the job to an elected Cabinet post from an appointed one. While being...
AIA Takes Issue with Mont. Democratic Party Comments
Feb 16 2006 // The American Insurance Association (AIA) on Thursday called statements by the Montana Democratic Party about former Montana Governor and current AIA President Marc Racicot “outrageous, shameful attempts to make...
Senate Kills $140 Billion Asbestos Fund Over Budget Rule
Feb 15 2006 // On a procedural budget vote, the U.S. Senate yesterday killed a proposed $140 billion private asbestos victims fund that has been years in the making. The final vote was 58 to 41, with 60 votes needed to keep it alive. The...
Pressure Mounts for Wash. House Leaders Considering “Wal-Mart bill”
Feb 15 2006 // Pressure is mounting for majority House Democrats in Washington state to vote on a bill that would force minimum health care spending by large employers, while some lawmakers suggested the issue could be left to the voters...
Iowa’s GOP Legislators Push Proposal to Cap Punitive Damage Awards
Feb 15 2006 // Republican legislative leaders in Iowa are hoping to cap excessive damage awards with a proposal that would slap a $500,000 limit on punitive damages assessed in medical malpractice lawsuits. Senate Republican President...
N.Y. Regulator Balked at Spitzer Deal Ending AIG Contingent Pay
Feb 15 2006 // Producers should no longer expect contingent commissions from American International Group, according to the recent settlement with New York Attorney General Spitzer and what the company says is its own global policy...
Kansas Agent’s Probation Revoked, Judge Reinstates Prison Sentence
Feb 14 2006 // Wichita resident Jeffrey Lopez, a former insurance agent, convicted of two felonies in 2001, had his probation revoked and was ordered to serve a prison sentence. Kansas Securities Commissioner Chris Briggs says that Lopez...
